Answer:
Monthly mortgage payment is $971.67.
Step-by-step explanation:
Janet, has a monthly mortgage payment of $750 and her PMI is $55 per month.
Her annual property taxes are $1200.
Hence, her monthly tax will be $[tex]\frac{1200}{12} = 100[/tex] [Since 1 year = 12 month].
Her homeowners insurance costs $800 per year. This will cost [tex]\frac{800}{12} = 66.67[/tex] per month.
Total monthly mortgage payment will be $([tex]750 + 55 + 66.67 + 100[/tex]) = $971.67.
